getmoreshares
2 weeks ago
December 11, 2024 / BlueFire Equipment Corp. (OTC Pink:BLFR) ("BLFR" or the "Company"), a specialist in emerging industry acquisitions, announces financial and operational progress on its restructuring and growth plans. As announced on July 11, 2024, BLFR acquired West Texas Dirt Movers, Inc. ("WTDM"), and Reed Exploration, LLC. As a result of the acquisitions, hiring experienced personnel into key leadership positions, and aggressively pursuing income-producing opportunities, the Company saw notable growth from second quarter to third quarter, 2024.
BLFR reported an increase in revenues of 855.6% from $84,962 to $811,912 during the period ended September 30, 2024. This increase was the direct result of restarting production within Reed Exploration of the land acquired via the Ram Cap,LLC Contribution Agreement dated June 30, 2024. Additionally, Alexandra Felix, President of WTDM, led the attainment of new projects providing immediate revenue lift in the third quarter, 2024, and much of the work and related revenue will continue into the fourth quarter, 2024. The Company's efforts are intensely focused on growing revenues, profits, and cash flows, and third quarter, 2024 results illustrate progress on those efforts.
BLFR's CEO & Chairman, Dr. David RenΓ© Ramirez, noted, "I am pleased with the progress the team, in particular new leadership, is making against our restructuring and growth plans. We remain extremely optimistic about the changes we are undertaking operationally as well as initiatives to accelerate our business growth and goal attainment."